Active Risk Management: The Board & Senior Management's Role

The landscape of risk for boards has changed dramatically recently and oversight expectations are even more challenging for boards and senior management of nonprofit organizations.  While financial risk often comes to mind first, the board is responsible for other types of risks as well. 

In this workshop we will discuss the variable risks that will impact the current and future viability of nonprofit organizations from primarily a strategic trends and influences perspective. 

This workshop will include information and discussions on:

  • Various types of risks involving governance, regulatory compliance, funder, reputational, relationships and fund development

  • How each of these risk areas is a growing concern to organizations under normal circumstances and also in our current situation

  • The way risk changes in a period of crisis and the impact to board roles and assessments

  • And how the impacts of these risks will vary based on size and the particular service sector that each organization is engaged in 

The significant increases in scrutiny, compliance, Canada Revenue Agency, media transparency and other perspectives are important to understand for members of boards of directors and senior staff.  Understanding and planning can help with mitigating risk, ensuring appropriate insurance coverage and being proactive in an organization’s planning, decision-making and ongoing evaluation related to risk analysis and tolerance.  

TARGET AUDIENCE: Board Members, Executive Directors and Managers 

LEVEL: Intermediate – Advanced

ADDITIONAL INVESTMENT INFORMATION:
Are you a nonprofit member organization with an operating budget of under $100,000? You may be able to save an additional 50% off the registration fee. 
Learn if you are eligible for the NONPROFIT MEMBER DISCOUNT RATE.

ABOUT THE PRESENTER 
Fred Galloway is President of F. J. Galloway Associates Inc., of London, Ontario, a firm he founded in January 1989. The firm specializes in a wide range of assignments with not-for-profit and municipal organizations involving feasibility and business plans, strategic planning, organizational development reviews, governance, amalgamations/integrations, executive search and a host of other services.  

He has also been extensively involved in community volunteer work. Fred was a Governor and Chair of the Board of Fanshawe College, Vice President of Sport Services for the 2001 Canada Summer Games hosted in London and Vice Chair of Finance for the 2005 Memorial Cup and multiple Ontario Games. He is currently a member of the Boards of the London Community Foundation, the King’s College Foundation and King's University College Board.  

Fred holds an Honours Bachelor of Arts Degree in Recreation from the University of Waterloo, Masters of Science Degree in Planning from Michigan State University and a Masters of Business Administration Degree from the University of Western Ontario’s Ivey School of Business. In 2002, he was awarded an Honorary Diploma from Fanshawe College for Community Service. In 2016, he received the Governor General's Sovereigns Award for Volunteers.

Thank you to our 2020 Professional Development Sponsors:

Western Continuing Studies and Fanshawe Corporate Training Solutions

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